1798 4th St NESalemOR97301
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Salem at 1798 4th St NE, Salem, OR, 97301 generates $3,826/mo in rent and, after a $2,626/mo payment, leaves $587/mo in cash flow. Total monthly income is $3,826/mo, and annual cash flow is $7,049/yr on $176,525 invested. Return on cash invested sits at 24.05% in year one, and rental yield is 8.56% on a $536,550 entry. Equity gained on principal adds $3,462/yr, while 5% annual appreciation builds toward $148,239 over five years. Five-year ROI reaches 124.84% and total cumulative return in cash sums $220,379. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,826/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97301, Salem, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,878 (100%) |
| Owner Occupied HU | 9,197 (44.1%) |
| Renter Occupied HU | 10,642 (51.0%) |
| Vacant Housing Units | 1,039 ( 5.0%) |
| Median Home Value | $368,479 |
| Average Home Value | $403,096 |
Housing Distribution
Address Breakdown
Residential
20,354
Single Family
18,277
Multi-Family
2,077
Businesses
2,690
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